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SolarSquare raises $40 million in India’s largest solar venture round
SolarSquare has raised $40 million in what is the largest venture round in India’s solar sector. The Mumbai-based startup bootstrapped and was profitable selling to corporate customers for five years before switching to residential solar in 2021. Now it has scaled to powering over 20,000 homes and 200 housing societies across India, and is India’s…
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Microsoft will take an $800M hit over Cruise robotaxi shutdown
GM’s decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company’s minority investors. Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GM’s actions, according to a regulatory filing. Microsoft said the charge will be…
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Trump’s proposed university endowment tax could hurt funding, VC warns
University endowments could be taxed much higher under Trump. That may harm VCs, an investor warns. © 2024 TechCrunch. All rights reserved. For personal use only.